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toughen up after they missed the financial meltdown. remember this? >> the president: we must investigate ratings agencies that supposed to help investors determine the soundness of investments stamp securities with their safest rating when they should have been labeled buyer beware. we cannot let the public trust be lost between the ratings agencies and the people they are rating. >> neil: dan says the president can't have it both ways. i remember those remarks vividly. it seemed at the time they were justify. if you miss the mark, you better damn well not miss it again. very different. >> the president was exactly right, a couple years ago. because the rating agencies did a crumby job. they didn't catch fannie mae and freddie mac, they missed the boat on greece and portugal and other european welfare states. the president is like someone who says we should all lose
president had no problem telling the agencies to toughen up after they missed the financial meltdown. remember this? >> the president: we must investigate ratings agencies that supposed to help investors determine the soundness of investments stamp securities with their safest rating when they should have been labeled buyer beware. we cannot let the public trust be lost between the ratings agencies and the people they are rating. >> neil: dan says the president can't have it both ways. i remember those remarks vividly. it seemed at the time they were justify. if you miss the mark, you better damn well not miss it again. very different. >> the president was exactly right, a couple years ago. because the rating agencies did a crumby job. they didn't catch fannie mae and freddie mac, they missed the boat on greece and portugal and other european welfare states. the president is like someone